Should you waive contingencies to sweeten your offer on a home?

Kimberly Bean
Kimberly Bean
Published on September 6, 2017

When the market is tipped in the seller’s favor – as it is now – the chances that you will be competing with other buyers increase.

Naturally, you’ll want to do anything to make your offer the most attractive, from offering above asking price to getting preapproved or prequalified for a home loan. You might also be tempted to waive contingencies that could scare a seller away from your offer.

But is that really a good idea?

I agree with this article from The Mortgage Reports that urges buyers to use caution when thinking about waiving contingencies.

Those contingencies are there to protect you and can be used as a negotiating tool. One common contingency is the home inspection and its results. Some buyers want to be able to duck out of the deal if they find the results of the inspection anything other than “satisfactory.” This is a red flag for sellers; it’s vague and could let a buyer out for any reason.

How can you craft an offer with contingencies that protects you and makes the seller happy? Call me! I will guide you through the process so that you can put forth an offer that, hopefully, they can’t refuse.

Brandywine MD Homes for Sale and Real Estate Services in Southern Maryland. You now have a search engine to help you with your Southern Maryland home search! And I’m ready to provide you with a custom home valuation if you’re considering selling your home. Let’s connect to discuss how I can help you. Contact Kimberly Bean at 301-440-1309

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